The Centers for Medicare & Medicaid Services conference call on transitioning to ICD-10 is scheduled for November 5 from 1:30-3:00 p.m. ET.
During this Medicare Learning Network Connects national provider call, CMS experts will discuss ICD-10 implementation issues, opportunities for testing and resources. A question and answer session will follow the presentations.
The agenda is as follows:
- Final rule and national implementation
- Medicare Fee-For-Service testing
- Medicare Severity Diagnosis Related Grouper Conversion Project
- Partial code freeze and annual code updates
- Plans for National Coverage Determinations and Local Coverage Determinations
- Home health conversions
- Claims that span the implementation date
Space is limited. Register for the CMS conference call on the ICD-10 transition.
The transition to ICD-10 will create significant billing challenges for providers, including disruptions in payments and difficulty submitting accurate, complete claims due to the significantly more complex nature of the ICD-10 code set compared to ICD-9. An American Medical Association-commissioned study found the following cost ranges for different practice sizes to implement ICD-10 based on variable factors:
- Small practice: $56,639 – $226,105
- Medium practice: $213,364 – $824,735
- Large practice: $2,017,151 – $8,018,364
The total costs include software upgrades, expense of training, practice assessments, testing, payment disruptions and productivity loss for physicians.
To offset and avoid many of these expenses while cutting the costs associated with employing medical billers, consider outsourcing your billing to PGM Billing. PGM is one of the nation’s leading billing companies, with expertise in many areas including nephrology billing, mental health medical billing and allergy billing. The PGM team of certified medical coding and billing experts can manage all aspects of your billing, ensuring you receive proper compensation.